Section 179 of the Federal Income Tax Code allows an organization to write off up to $500,000 in purchases for their office, including furniture, lighting, and other equipment from a 2013 corporate tax return.
According to FitzGerald Associate Principal Kay Wulf, ASID, IIDA, this provides an excellent opportunity for organizations to upgrade or enhance their corporate interior without significant additional expense by developing a plan, making the requisite purchases before the end of the year, and taking advantage of this substantial stimulus offering.
For more information on the deduction, visit IRS.gov [LINK: http://www.irs.gov/publications/p946/ch02.html#en_US_2012_publink1000107398]. To discuss how FitzGerald’s Interiors team could help you develop a new corporate interior in time to take advantage of the opportunity, contact our team for more information.